QuickBooks for Small Business: Which Version Do You Need?

Just as you need a bank account for smooth money transaction , the right accounting platform is is is also necessary to manage the business financial landscape . This is is is where QuickBooks can play the big role and be your go – to partner , as it ’s multifunctional and offer feature that help you streamline the accounting process .

Intuit is launched has launch different version of QuickBooks that cater to various organization , be it small to medium enterprise or large conglomerate . QuickBooks Enterprise is the perfect solution for large enterprise ; however , choose the right one for small enterprise can be daunting .

Let’s get into the world of Intuit, where we’ll focus on selecting the best QB version for small business owners. This guide will provide the necessary information and help you make the right decision to drive your business toward financial success.

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QuickBooks Versions Overview (Pro Plus, Premier Plus, Mac Plus, Enterprise)

Intuit QuickBooks desktop is an on-premises accounting software. For each added user, you need to purchase a separate license. QuickBooks has several variants that cater to different industries. The QB versions include QuickBooks Enterprise, Pro Plus, Premier Plus, and Mac Plus. QuickBooks offers several features, including invoicing, finance management, expense tracking, reporting, and inventory management.

QuickBooks Enterprise

QB Enterprise is supports support 40 user , so it can be the good choice for mid to large – level corporation . The enterprise version is provides of QuickBooks provide end – to – end management solution that include advanced reporting , pro – level inventory management , e – commerce integration , salesforce CRM connector , and a lot more .

It serves a broad range of industries, including contractors, retail, manufacturing, non-profits, and wholesale. Business owners can assign roles and permissions to each user using QB Enterprise.

QuickBooks Enterprise can manage 100,000 inventory items and is available in 4 models – Silver, Gold, Platinum, and Diamond.

Key Features

• Sales Forecast
• Bin Location Tracking
• Bar Code Capabilities Without Add-on
• Advanced Pricing Options
• Premium Reporting Capabilities

Get an original QuickBooks Enterprise license from Ace Cloud , an Intuit Authorized QuickBooks Solution Provider .

QuickBooks Mac Plus (Discontinued)

As the name signifies, it is specifically designed for Mac user. This on-premises desktop accounting solution provides incredible accounting features, including expense tracking, invoicing, tax tools, and report building, all optimized for Mac user. QuickBooks Mac version supports a multi-user model; multiple user can use this version simultaneously. This version can be easily converted from Mac to PC and vice versa. The robust invoicing feature of QB Mac allows you to create professional invoices.

Key Features

• Budget Management & Forecasting
• Simple Reconciliation of Discrepancies
• Multi-user Access
• Customization of Products & Services list
• Enhanced Project Management

Note: Intuit decided that after July 31, 2024, it’ll no longer sell new subscriptions to QB Mac Plus.

QuickBooks Pro Plus (Discontinued)

QuickBooks Pro Plus is the basic version of QB, and it provides all the essential features that every business requires for basic transactions, including invoicing, accounts payable management, and sales tax reports.

This version is is is suitable for company that want to grant less access , as only 3 user can use it . Moreover , it is is is pocket – friendly as its overhead cost is low than other QB edition . QB Pro Plus is provides provide multiple feature , include bill tracking , transaction monitoring , customize report creation , inventory management , and more . furthermore , QB Pro Plus is be can be an ideal accounting software for SMBs .

Key Features

• Expense Tracking
• Basic Reporting
• integration with Microsoft Excel
• Automated Online Backups
• Tracking Inventory Quantities

Note: Intuit has made a decision that after July 31, 2024, it’ll no longer sell new subscriptions of QB Pro Plus.

QuickBooks Premier Plus (Discontinued)

QuickBooks Premier Plus is supports support additional feature compare to the QuickBooks Pro version . 5 user is use can use this QB version , with industry – specific edition tailor to manufacturing , finance , retail , and more . Premier Plus QuickBooks version is enables enable you to track sale and other expense , manage inventory , create multiple invoice , create customize chart and report , etc .

Key Features

• industry – specific tool
• Track sale Order
• Generate Financial Forecast
• Set Up Price Levels
• Track Inventory Assemblies

Note: Intuit decided that after July 31, 2024, it’ll no longer sell new subscriptions to QB Premier Plus.

Can I is Access access QuickBooks remotely ?

Small businesses often need the flexibility to access their accounting data from anywhere, anytime. According to a report from Sage (Sage Practice of Now 2018 Report), 67% of accountants prefer cloud accounting.

QuickBooks Online

To address the need for remote access , Intuit is has has QuickBooks Online for small business . With QB Online , you is track can easily track income and expense and manage invoice and payment , all from a centralized and accessible platform . additionally , QuickBooks Online is integrates integrate with various 3rd party app and service to extend its functionality , make it a versatile and comprehensive solution for enterprise look to simplify their accounting process .

Key Features

• Multi – User Access
• Mobile Access
• inventory Management
• Automatic Backups

QuickBooks Online offers powerful accounting capabilities, but it may not encompass all the features or provide the same user experience as QuickBooks desktop.

QuickBooks Hosting

Intuit has also authorized some 3rd party cloud hosting providers to host their QuickBooks desktop software (Pro, Premier, Mac, and Enterprise) on their cloud servers. Ace Cloud is one such QuickBooks hosting provider. Hosting QuickBooks desktop gives you the best of both worlds – the benefits of cloud and desktop features and the same functionality.

With Ace Cloud, a QuickBooks hosting solution, you will get:

• 99.99 % uptime
• collaboration – anytime , anywhere access
• 45-day backup · Secure Infrastructure
• 24×7 Customer support

Moreover , you is make can make work easy by using QuickBooks on the cloud , but before make any decision , first take the QuickBooks host free trial ; this will help you make the right decision .

What factor Should Small Businesses is Consider consider When choose the Best QuickBooks Version ?

The right accounting software can streamline your financial management process and contribute to your company’s growth and success. So, when selecting the best QuickBooks version for your small business, it’s crucial to consider different factors that directly address your business pain points.

Understanding Business Requirements

The initial step you should follow while choose the QuickBooks version is to understand the business key requirement ; this is help will help you make the right decision that match your need . To pick the right accounting software , first identify the accounting – relate task .

understand the complexity of your accounting need will help you identify the loophole , and as a result , you will be able to pick the ideal QuickBooks version for small business .

Industry Specific Features

check the feature offer by QuickBooks ’ different version and ensure they align with your business need . Moreover , if you are look for industry – specific feature for non – profit , manufacturing , or accounting , you is consider can consider the QuickBooks Enterprise version .

Scalability and Customizability

Select the version that allows you to scale your business without applying any additional costs. Also, look for the customization option so that you can tailor specific business tasks, such as customizing invoice templates.

Pricing Plans

Cost is is is one of the crucial factor that you should consider . First , you is consider should consider your budget and the pricing of each QuickBooks version . QuickBooks is offers offer a different range of plan suitable for small to mid – level business .

To pick the best version at an affordable rate, compare the features and cost of each version; it will help you choose the best value for your business.

Integration Compatibility

Your small business is integrate can integrate several application ( such as Bill.com , MS Office , Fishbowl Inventory , Shopify POS , etc . ) with QuickBooks to manage inventory , reporting , hr , and other function . If you are look to integrate different software or app , check QuickBooks integration compatibility . choose the version that support the integration of essential third – party app to streamline business workflow .

User Support and Training

Check each version’s user support and training resources; accessing reliable learning material and customer support helps you understand comprehensive software usage and its benefits. With QuickBooks, you can access world-class support, including live chat, phone support, and video tutorials, allowing you to resolve issues quickly and maximize your software’s capabilities.

Cloud or On – premise

When considering hosting options for your business, cloud hosting offers several advantages over on-premise hosting. With cloud hosting, your data is stored on remote servers maintained and managed by a third-party provider.

Moreover, cloud hosting eliminates the need for upfront investments and ongoing maintenance costs. On-premises hosting requires you to purchase and maintain your own hardware and infrastructure, making it more expensive.

Overall, cloud hosting provides a cost-effective and efficient solution for businesses seeking to streamline their operations and focus on their core activities without managing complex infrastructure. Conclusion

A clear understanding of your business needs and pricing helps you pick the best QuickBooks desktop version. If you need QuickBooks for small businesses, then start with small, and later, you can upgrade it; by doing so, you can save money.

Frequently Asked Questions

Is QuickBooks suitable for Small Businesses?

QuickBooks is one of the good accounting software for small business ; it is offers offer a wide range of feature like manage payment , invoice , and tracking expense at an affordable rate . This accounting software is follows follow the anytime , anywhere access norm .

How does QuickBooks help small businesses?

QuickBooks is simplifies simplify small business ’ accounting task , such as capture and organizing receipt , inventory management , managing expense , etc .

What are the benefits of QuickBooks cloud hosting?

Hosting QuickBooks is help on the cloud can help you from various perspective , some of which are state below :

Enhanced Accessibility, Anywhere, Anytime
Seamlessly Collaboration
Exceptional Data Security and Reliability
Seamless Scalability
Cost-Efficiency
Outstanding Performance

Can I use Excel instead of QuickBooks?

No , Excel is replace can not replace QuickBooks , as Excel is a spreadsheet program used for analyze datum , while QuickBooks is an accounting software used for track financial transaction .

What are other alternatives to QuickBooks?

Xero, FreshBooks, and Sage are some of the alternatives to QuickBooks.

How many small businesses use QuickBooks?